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Interscope Records



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Interscope Records
Parent company Universal Music Group
Founded 1990
Founder Jimmy Iovine
Ted Field
Status Active
Distributing label Interscope-Geffen-A&M (US)
Polydor Records (UK)
Genre Various
Country of origin United States
Location Santa Monica, California
Official website http://interscope.com/

Interscope Records is an American major record label. It is owned by Universal Music Group. The label was founded by Jimmy Lovine and Ted Field as a joint venture with Atlantic Records. One of the main features of the company was weak control over the musicians, which allowed them to freely implement their ideas in creativity.[1] Already in 1993, a year after its founding, the label's profits recouped the $20 million invested in its opening. Until May 2014, the CEO of the company was Lovine, after which he was replaced by John Yanick.[2]

In 1992, Interscope acquired the exclusive distribution rights for the releases of hip-hop-specialized label Death Row Records, whose artists were the then popular rappers Tupac Shakur, Dr. Dre and Snoop Dogg. Subsequently, due to the distribution of the gangsta rap albums by the company, the label was embroiled in significant conflict with members of the public. As a result, in 1995 Time Warner, owner of Universal Music Group, severed ties with Interscope, selling 50% of the shares to Field and Lovine for $115 million. In 1996, 50% of the shares were bought for $ 200 million by MCA Music Entertainment Group, later known as Universal Music Group.[3][4]

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